Bitcoin News- Bitcoin price surged over 31.21% in the last 24 hours.
- BTC regained a $5 billion market cap.
The global crypto market leader, Bitcoin (BTC), surged over 6.48% in the last 24 hours and reached a nine-month high of $26,256 after taking a deep dive into the $15K range during the prolonged bear market. In addition, BTC recapped a market cap of the $5 billion range since June 12, 2022.
Today, most of the top cryptocurrencies are in the green. BTC’s price has soared by an astounding 31.21% in the last seven days and nearly 58% year to date. Bitcoin Fear & Greed Index, after witnessing Fear last week, is now in the “Neutral stage” with a value of 51 out of 100. Result of this, BTC indicates a ‘Strong Buy’ signal, as per TradingView.
Further, the largest cryptocurrency sparked Crypto Twitter a lot since the stock market volatility, led by the U.S. largest bank Silicon Valley shut down. Also, the global market cap holds $1.16 trillion, which rose by around 4.5% in a day.
At the time of writing, Bitcoin traded at $26,256, with a 24-hour trading volume of $40 billion. Moreover, the largest altcoin, Ethereum (ETH), also climbed about 3.27% in a day and 22% in a week. At the time of writing ETH traded in the $1.7K price range.
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Source: https://thenewscrypto.com/bitcoin-price-jumps-to-26k-will-this-prolong-or-breakdown/